To view the PDF file, sign up for a MySharenet subscription.

STANDARD BANK GROUP LIMITED - Directors Dealings in Securities

Release Date: 13/03/2015 17:15
Code(s): SBK     PDF:  
Wrap Text
Directors Dealings in Securities

STANDARD BANK GROUP LIMITED
Incorporated in the Republic of South Africa
Registration number 1969/017128/06
JSE Share code: SBK
Namibian Share Code: SNB
ISIN: ZAE000109815
(“Standard Bank Group”)

DIRECTORS AND OFFICERS’ DEALINGS IN SECURITIES

In compliance with sections 3.63 to 3.74 of the Listings Requirements of the JSE
Limited, the following information is disclosed:

Director:                           Mr. B J Kruger

Name of company:                    Standard Bank Group Limited

1.   Date of Transaction:           2015-03-12

     Nature of Transaction:        Automatic delivery and disposal of 14 683
                                   Standard Bank Group ordinary shares to settle
                                   employees’ tax on vesting of rights granted in
                                   terms of the Standard Bank Group Equity Growth
                                   Scheme at an average price of R153.96 per
                                   share.

     Value of Transaction:          R2 260 594.68

     Nature of Interest:            Direct beneficial


Director:                           Mr. S P Ridley

Name of company:                    Standard Bank Group Limited

2.   Date of Transaction:           2015-03-12

     Nature of Transaction:        Automatic delivery and disposal of 8 177
                                   Standard Bank Group ordinary shares to settle
                                   employees’ tax on vesting of rights granted in
                                   terms of the Standard Bank Group Equity Growth
                                   Scheme at an average price of R153.96 per
                                   share.

     Value of Transaction:          R1 258 930.92

     Nature of Interest:            Direct beneficial


Director:                           Mr. S K Tshabalala

Name of company:                    Standard Bank Group Limited

3.   Date of Transaction:           2015-03-12

     Nature of Transaction:        Automatic delivery and disposal of 12 305
                                   Standard Bank Group ordinary shares to settle
                                   employees’ tax on vesting of rights granted in
                                   terms of the Standard Bank Group Equity Growth
                                   Scheme at an average price of R153.96 per
                                   share.

     Value of Transaction:          R1 894 477.80

     Nature of Interest:            Direct beneficial

Volume weighted average price for ordinary shares on 2015-03-12         R153.95
High for the day on 2015-03-12                                          R155.70
Low for the day on 2015-03-12                                           R152.93

Director:                           Mr. S P Ridley

Name of company:                    Standard Bank Group Limited

4.   Date of Transaction:           2015-03-11

Nature of Transaction:              Exercise of 25 000 Participation Rights awarded
                                    in the Standard Bank Group Equity Growth Scheme
                                    on 2006-03-10, which resulted in delivery of
                                    9 811 Standard Bank Group ordinary shares:

                                    Award Price = R79.50
                                    Exercise Price = R156.00
                                    Gain = R76.50 per right. After subtracting
                                    employees tax, this resulted in delivery of 9
                                    811 shares.

     Value of transaction:          R1 912 500 (25 000 x R76.50)

     Nature of Interest:            Direct beneficial


5.   Date of Transaction:           2015-03-11

     Nature of Transaction:        Resulting from the transaction disclosed in
                                   paragraph 4 above, Mr. Ridley sold the 9 811
                                   ordinary Shares at a price of R155.20 per
                                   share.

     Value of Transaction:          R1 522 667.20

     Nature of Interest:            Direct beneficial



The above transaction was done on market and clearance to deal was provided.

Johannesburg
13 March 2015

Lead sponsor
The Standard Bank of South Africa Limited

Independent sponsor
Deutsche Securities (SA) Proprietary Limited

Namibian sponsor
Simonis Storm Securities (Proprietary) Limited

Date: 13/03/2015 05:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story